1/9 Magenta Drive
Varsity Lakes, QLD 4227

Overview

A POTENTIAL DUAL OCCUPANCY 4 BED TOWNHOUSE IN CENTRAL VARSITY WITH STYLE AND VIEWS THAT REALLY IMPRESS!!

This spacious 4-bedroom, 2-bathroom townhouse offers versatile living options, ideal for growing families or investors seeking additional income opportunities. The property features two generously sized bedrooms with stunning views; one includes a large balcony perfect for relaxation, while the other boasts a renovated ensuite and separate side access, enabling potential dual occupancy or rental arrangements.

Upstairs, two additional bedrooms and a renovated bathroom provide ample accommodation. The ground floor comprises an inviting living, dining, and kitchen area complemented by high ceilings, creating a bright and airy atmosphere. A laundry, oversized double garage with storage, and a powder room complete the internal layout.

Enjoy seamless indoor-outdoor living with an outdoor entertaining area flowing directly from the living space, ideal for gatherings or quiet leisure moments just steps from the kitchen. The property also offers off-street parking for four additional vehicles and is equipped with a 5kW solar system, enhancing energy efficiency.

Situated in a quiet cul-de-sac, the location ensures safety and tranquility, especially for families with children. Nearby, Lake Orr provides a serene environment for biking, jogging, picnics, and social events, offering a lifestyle unmatched by neighboring suburbs.

Conveniently located within minutes by car to Burleigh Heads and Beach, Robina Town Centre, Bond University, and the M1 Motorway, the property is also close to Varsity Colleges (primary and high schools), local parks, bus stops, and a large Coles supermarket.

Highlights include:

• 4-bedroom, 2-bathroom townhouse with a large double garage
• Potential for dual occupancy with separate access to the master bedroom
• Renovated bathrooms
• Strong rental potential
• Off-street parking for up to 4 cars
• Air conditioning throughout
• 5kW solar power system
• Cozy outdoor entertaining area adjacent to the kitchen
• Small complex of only 4 townhouses
• Excellent investment opportunity in a high-growth area
• Well-maintained property
• Close proximity to schools, university, shopping centers, parks, and beaches

Potential rental income estimates are approximately $1000 to $1100 per week for the entire home, with the dual dwelling potential offering $400 to $450 per week. Short-term rental options such as Airbnb or Stayz could generate between $200 and $550 per night for the whole home, or $120 to $220 per night for the dual occupancy space, depending on the season.

The property falls within the catchment zones for Varsity College Primary and Senior Schools, Bond University, Hillcrest College, Somerset College, and Kings College.

Distances to key amenities include a bus stop 50 meters away, a local shopping center 250 meters away, and a major shopping center 3.3 kilometers away. Primary and high schools are within walking or biking distance, with parklands and waterfront areas just 100 meters away. The highway is 6.3 kilometers away, the train station 3.9 kilometers, and the beach 7.8 kilometers.

This townhouse presents a unique opportunity to secure a versatile and well-located home or investment in the heart of Varsity Lakes, combining lifestyle, convenience, and potential income generation.

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